The bias is positive today following strong economic releases this morning. Consumer confidence came in at a 15 year high of 113.7 for December, up from an upwardly revised November reading of 109.4 and ahead of estimates for 109.

The NASDAQ hit a new all time high intraday, trading over 5500, with technology being the best performing sector in the market today. AAPL and NFLX are standouts in technology, both eyeing potential breakouts.

The Dow is flirting with 20,000 with its day high just 20 points off the mark. Volume is very light today, typical of the slow week between Christmas and New Year's holidays. There is still some end of year rebalancing playing a part in the action.

Advancers (63%) outpace decliners (34%) on 74% up volume. On the NYSE, 124 stocks made new highs, which completes the picture. Today’s total volume is about half usual, making the market and individual names ripe for manipulation.

Oil is trading up over 1% today at $53.73, with Brent over $55. January 1 is the official start of the OPEC output cut deal.